| Metric | Q2 2025 | Q1 2025 | Q2 2024 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $306M | $320M | $286M | -4.3% | 7.2% |
| Op. Income | $34M | $42M | $27M | -18.3% | 25.5% |
| Gross Margin | 58.3% | 57.9% | 58.7% | 0.3pp | -0.4pp |
| Net Margin | 8.3% | 9.7% | 7.5% | -1.4pp | 0.8pp |
| EPS (Diluted) | $0.33 | $0.40 | $0.29 | -17.5% | 13.8% |
| Free Cash Flow | $29M | $20M | $9M | 40.2% | 232.4% |
| Item | Amount |
|---|---|
| REVENUE | $306M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $178M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $125M |
| Operating Expenses | $144M |
| Cost & Expenses | $272M |
| OPERATING INCOME | $34M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | $164.0K |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $8M |
| EBIT | $38M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $306M |
| Cost of Revenue | $128M |
| GROSS PROFIT | $178M |
| R&D Expenses | $0 |
| Selling & Marketing | $0 |
| General & Administrative | $20M |
| SG&A Expenses | $20M |
| Other Expenses | $125M |
| Operating Expenses | $144M |
| Cost & Expenses | $272M |
| OPERATING INCOME | $34M |
| Interest Income | $2M |
| Interest Expense | $3M |
| Other Income/Expenses | $164.0K |
| INCOME BEFORE TAX | $34M |
| Income Tax Expense | $9M |
| Net Income from Continuing Ops | $25M |
| Net Income from Discontinued Ops | $0 |
| Other Adjustments | $0 |
| NET INCOME | $25M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $25M |
| D&A | $8M |
| EBIT | $38M |
| EBITDA | $46M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $25M |
| Depreciation & Amortization | $8M |
| Stock-Based Compensation | $2M |
| Deferred Income Tax | -$468.0K |
| Other Non-Cash Items | $13M |
| Change in Working Capital | -$11M |
| OPERATING CASH FLOW | $37M |
| Capital Expenditure | -$8M |
| Acquisitions (Net) | -$79.0K |
| Purchases of Investments | -$509.0K |
| Sales/Maturities of Investments | $0 |
| Other Investing Activities | $8M |
| NET CASH FROM INVESTING | -$741.0K |
| Net Debt Issuance | $295M |
| Common Stock Repurchased | -$997.0K |
| Common Dividends Paid | $0 |
| Other Financing Activities | $0 |
| NET CASH FROM FINANCING | $294M |
| FREE CASH FLOW | $29M |
| Net Change in Cash | $331M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $505M |
| Short-Term Investments | $0 |
| Net Receivables | $341M |
| Inventory | $208M |
| Other Current Assets | $13M |
| TOTAL CURRENT ASSETS | $1.1B |
| PP&E (Net) | $294M |
| Goodwill | $305M |
| Intangible Assets | $57M |
| Long-Term Investments | $66M |
| Tax Assets | $25M |
| Other Non-Current Assets | $15M |
| TOTAL NON-CURRENT ASSETS | $763M |
| TOTAL ASSETS | $1.8B |
| Account Payables | $15M |
| Short-Term Debt | $103M |
| Deferred Revenue | $31M |
| Other Current Liabilities | $18M |
| TOTAL CURRENT LIABILITIES | $264M |
| Long-Term Debt | $517M |
| Deferred Revenue NC | $0 |
| Deferred Tax Liabilities | $2M |
| Other Non-Current Liabilities | $12M |
| TOTAL NON-CURRENT LIABILITIES | $714M |
| TOTAL LIABILITIES | $978M |
| Common Stock | $550.0K |
| Additional Paid-In Capital | $348M |
| Retained Earnings | $561M |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | -$58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | $852M |
| Minority Interest | $0 |
| TOTAL EQUITY | $852M |
| TOTAL LIABILITIES & EQUITY | $1.8B |
| Total Debt | $862M |
| Net Debt | $357M |
